Blackstone has intersected massive nickel sulfide in two maiden...

Blackstone has intersected massive nickel sulfide in two maiden drill holes at the Ban ChangProspect, part of its Ta Khoa Nickel-PGE Project, Vietnam (Refer to Figures 1,2,3 and 4);

▪ Maiden drill holes were 200m apart and along strike within a 1.2km-long massive sulfide targetzone defined by high priority electromagnetic (EM) plates;

▪ Blackstone’s drilling has intersected massive sulfide within a few metres of the modelled EMplate, providing confidence and proof of concept that EM will be an important tool to unlock theworld-class magmatic nickel sulfide geology throughout the Ta Khoa nickel sulfide district;

▪ Blackstone’s second drill rig is testing high priority EM targets generated from 25 MSV prospectsalready identified within the Project including, King Snake, Ban Khoa, Ban Chang, and Ban Khang;

▪ Blackstone is targeting MSV prospects analogous to the previously mined Ban Phuc MSV, whereprevious owners successfully mined 975kt of high grade ore at average grades of 2.4% Ni &1.0% Cu from an average vein width of 1.3m, for 3.5 years between 2013 and 2016, producing 20.7ktNi, 10.1kt Cu and 0.67kt Co;

▪ Drilling continues at the King Cobra Discovery zone (KCZ) at depth;

▪ A Scoping Study focused on downstream processing to produce nickel sulfate for the lithium-ionbattery industry and maiden resource on track for completion in Q3, CY20;

▪ Downstream processing potential supported by $6.8 million investment from EcoPro Co Limited,the world’s second largest nickel-rich cathode materials manufacturer, completed in April 2020.